Friedman Industries Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

false 0000039092 0000039092 2025-07-10 2025-07-10

 

 

 

 

 

 

 

(Address of principal executive offices, including zip code)

 

(903) 758-3431

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

 

 

 

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company          ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

On July 14, 2025, Friedman Industries, Incorporated (the Company”), announced that Gaurav Chhibbar has been appointed as Chief Operating Officer of the Company effective July 10, 2025. Mr. Chhibbar, age 38, previously served as a principal at Boston Consulting Group Inc., a global management consulting firm, since April of 2020. Prior to that, Mr. Chhibbar, was a partner at Metal Edge Partners, LLC, a metals risk management and advisory firm, where he co-founded Metal Edge Trading LLC, a supply chain partner for participants in the metals industry, from May 2018 to March 2020. Mr. Chhibbar was with Cargill International and Cargill Inc. from April 2011 to April 2018 in various capacities related to the metals industry.

 

Mr. Chhibbar will receive a base annual salary of $365,000 and will be included in the Company’s short-term incentive program applicable to certain leadership positions. Additionally, Mr. Chhibbar will be eligible for consideration of equity-based compensation under the Company’s long-term incentive plan. There is no arrangement or understanding between Mr. Chhibbar and any other person pursuant to which he was or is to be selected as an officer. Mr. Chhibbar does not have any family relationships with any officer or director or the Company. Mr. Chhibbar does not have any prior reportable related party transactions with the Company.

 

 

On July 14, 2025, the Company issued a press release announcing Mr. Chhibbar’s appointment as Chief Operating Officer of the Company. The press release is furnished herewith as Exhibit 99.1.

 

In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

 

 

 

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.